Some of life’s most exciting changes can be accompanied by some of the greatest challenges. This is particularly true when it comes to moving. Along with the excitement of finding a new home comes the challenge of determining what to do with the old one. After all, now you have to make the choice between turning your old home into a rental/investment property or selling your house. While the decision to rent or sell can only be made by you, there are some factors that will help you make the best choice.
If you are simply moving to another home in the same area, you may want to turn your old home into a rental. Renting out your home can be a great investment and money-earner for you. It’s kind of like playing a game of monopoly– the person with the most properties is the one with the greatest chance of winning the game. However, if you are moving to a location that is farther away or you need to reduce the amount of stress in your life, having a rental house may not be the best option. In fact, in this case, selling your house is probably the better option.
When you choose to sell your house, you can feel at ease knowing that you no longer have to worry about the upkeep or other problems that may arise with the house. You can also rest easy knowing that you have the money from the equity that you had built up over the years. This money can provide you with the ability to purchase your new home or take care of other moving-related expenses. Regardless of why you want to sell your house, the fact remains that actually getting it sold can be somewhat challenging.
If you want help in selling your house, come to me, Mary Ann Patton, Realtor. I have 17 years of experience and know how to match interested buyers to their ideal homes. Let me help you get your house sold as soon as possible, so you can go on to explore your new horizons without being tied to the old.